adidas Reports Continued Growth For Q4

While the luxury sector continues to take a hit, sportswear unexpectedly came out on top. The German athletic retailer adidas reported a 12% increase in growth and €23.68 billion EUR in overall sales and full year profit increase of more than €1 billion EUR. According to initial financial reports, the company forecasted only a 10% growth. The company saw growth of 18.9%, 10.3%, and 19.4% in the European, Chinese, Japanese, and South Korean markets, respectively. Despite its relative overall ...